US Consumer Price Index:

US Consumer Price Index is at a current level of 234.68, down from 236.28 last month. This represents a monthly annualized growth rate of -8.16%, compared to a long term average annualized growth rate of 3.53%.

About Consumer Price Index

The Consumer Price Index is a statistic calculated by the Bureau of Labor Statistics that is meant to capture "cost of living" for citizens of the United States by measuring changes in purchasing power. It is released monthly, usually 2-3 after the end of the reporting period.

More specifically, CPI measures changes in the cost of a fixed basket of services and products over time. It is published monthly and sometimes referred to as the cost-of-living index.Read full definition